Tammy Jackson purchased 141 shares of All-American Manufacturing Company stock at $40.50 a share. One year later, she sold the stock for $44 a share. She paid her broker a $36 commission when she purchased the stock and a $42 commission when she sold it. During the 12 months she owned the stock, she received $167 in dividends. Calculate Tammy’s total return on this investment.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 4PROB
Question

Tammy Jackson purchased 141 shares of All-American Manufacturing Company stock at $40.50 a share. One year later, she sold the stock for $44 a share. She paid her broker a $36 commission when she purchased the stock and a $42 commission when she sold it. During the 12 months she owned the stock, she received $167 in dividends. Calculate Tammy’s total return on this investment.

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